Layoffs: HR News, Trends & Workplace Insights

Latest Layoffs HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Layoffs.

Updated on: Jun 2020

Human Resources

Productivity Efficiency has gone-up in WFH settings- CPO, ABD India

Jun 26, 2020

Tata Group plans layoffs to save fixed costs as profit dips

Tata Group plans layoffs to save fixed costs as profit dips- Report According to The Times-News Netw...

Coronavirus

Jun 25, 2020

Tata Group plans layoffs to save fixed costs as profit dips

GoDaddy announced restructuring, impact employees

GoDaddy announced restructuring plan, says to impact employees Web hosting company GoDaddy Inc o...

Coronavirus

Jun 25, 2020

GoDaddy announced restructuring, impact employees

Cognizant started laying off bench employees

Cognizant started laying off bench employees, the number could reach up to , employees Cognizan...

Coronavirus

Jun 25, 2020

Cognizant started laying off bench employees

Coronavirus

BMW to lay off 10,000 contract workers- Report

BMW has confirmed that the German manufacturer is looking at axing at least 10,000 contract workers, in an effort to reduce its capacity due to the coronavirus crisis and help mitigate growing costs. According to Reuters to The Munich-based company said earlier on Friday it had reached an agreement with the works council for a […]

Jun 22, 2020

Jobs

DXC Technology lays off some staff in India

DXC Technology lays off some staff in India as global cost optimization exercise US-based IT services firm DXC Technology has started a fresh round of layoffs in India. The move was described by analysts as being part of a global cost optimization exercise. According to a TOI report, the affected employees were offered either two […]

Jun 18, 2020

Jobs

Tata Motors to shed 1,100 jobs at Jaguar Land Rover

Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target at its luxury unit by 1 billion pounds ($1.26 billion) to ride out the disruptions caused by the coronavirus outbreak. Tata Motors expects to save 5 billion pounds in costs by March 2021 at its […]

Jun 16, 2020

Coronavirus

Shoppers Stop lays off 1,100 employees, 15% of total staff

Shoppers Stop, an Indian department store chain, owned by the K Raheja Corp lays off more than 1,100 employees and closing some of the underperforming stores due to the Covid-19 pandemic and national lockdown. The company has 7,500 employees, and nearly 15% of total staff strength, mostly junior and mid-level staff have been asked to resign […]

Jun 13, 2020

Coronavirus

JCB India has laid off 400 permanent employees

According to the ET report, JCB India, India’s largest construction equipment major has laid off almost 400 permanent employees as part of its rationalization of workforce citing falling business volumes as well as the COVID-19 pandemic. The company said in a statement, “The retrenchment includes 80 to 90 persons ranging from a DGM till Vice […]

Jun 12, 2020

Coronavirus

BP to lay off 10,000 employees globally

Amid the coronavirus pandemic, Oil & Energy major British Petroleum to lay off 10,000 employees globally from its workforce globally by the end of the year. The total employees to be laid off are 15% of the total global workforce, this announcement was made via an e-mail sent to the 70,000 strong workforces of the […]

Jun 9, 2020

Coronavirus

Bombardier Inc to cut 2,500 aviation jobs

CANADIAN plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems. The aviation industry has been among the worst hit by the pandemic, which has dented […]

Jun 6, 2020

Coronavirus

MakeMyTrip is laying off about 350 employees

MakeMyTrip announced that it is laying off about 350 employees due to the global travel ban because of the COVID-19 pandemic. Gurugram based, online travel aggregator MakeMyTrip is laying off around 350 employees, or 10% of its workforce, citing business slowdown due to the global travel restrictions to combat the spread of COVID-19. Group Executive […]

Jun 2, 2020

Coronavirus

COVID-19 Impact on Service Sector

The outbreak of COVID-19 has brought upon a standstill situation globally, affecting the lives across the globe in ways, more devastating than a world war. Well, according to the current hesitation of China in the matter of inspection initiated by the US in Wuhan; this idea is being re-established in a stronger way than before. […]

May 30, 2020

Industry

Raymond has fired hundreds of employees, since February

Textiles and apparel major Raymond has fired hundreds of employees across the board, since February. The company had started the process due to varied reasons like the group company’s mounting debts, the slowing down of the economy, and the last hammer to the coffin was the COVID-19 crisis. It was found that the company not […]

May 27, 2020

Coronavirus

Snapdeal furloughs 50-55 staff whilst demand picks up

An Indian e-commerce company, Snapdeal has put about 7% of its full-time workforce, or 50-55 individuals on a three-month furlough, The e-commerce agency has 750 employees on its payroll whereas one other 800 of staff are on contract. A Snapdeal spokesperson confirmed the event without offering any details and stated in an emailed response, “In […]

May 25, 2020

Coronavirus

IBM confirms global layoffs, India employees hit with it too

IBM confirmed, it is cutting an unspecified number of jobs, but wouldn’t provide details related to location, departments, or the number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. Several business media sites, including the Wall Street Journal and […]

May 23, 2020